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Q. What
is the Money Merge Account™ ?
Q. Why can't I make extra
principal payments to my primary mortgage and achieve the
same results?
Q. Does
it make sense to move my savings accounts over to Money Merge
Account™ ?
Q. Do I make monthly
payments on my line of credit?
Q. If I am not increasing
the monthly payments on my mortgage, how can this program
be possible?
Q. Why am I applying
for a line of credit, and how is it associated with my savings
and checking accounts?
Q. Do I have to change
banks?
Q. Do you make payments
for me?
Q. Do you have access
to or control of my money?
Q. Do I pay interest
on the equity line of credit?
Q. Why don't the banks
offer this program?
Q. Can
I contact any of your client references to hear about their
experiences with Money Merge Account™ ?
Q. What happens if I
sell my home?
Q. Is there any risk
involved?
Q. Can
anybody qualify for the Money Merge Account™ ?
Q. Do I have to refinance
my existing mortgage loan to make this work?
Q. Will
the Money Merge Account™ work with an interest only
Neg-Am payment on my primary mortgage?
Q. Can
I own multiple investment properties at one time and utilize
just one Money Merge Account™ program, or do I need
one for each property?
Q.
What is the Money Merge Account™ ?
A. The Money Merge
Account™ is an online account system that incorporates
your checking and savings accounts with an advanced line of
credit, or ALOC. Through this program, homeowners
have the ability to pay off their mortgage in as little as
one-third to one half the time, without refinancing their
existing mortgage loan or increasing minimum monthly payments.
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Q.
Why can't I make extra principal payments to my primary mortgage
and achieve the same results?
A. Simply put, the
mathematics behind Money Merge Account™ present a sophisticated
process that has a substantial financial benefit over increasing
your monthly payments. The algorithms in the proprietary
Money Merge Account™ system are systematically programmed
to create the highest interest savings possible in the least
amount of time. The math engines programmed in the Money Merge
Account™ system calculate the specific timing and dollar
amounts required to produce the most optimum savings possible.
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Q.
Does it make sense to move my savings accounts over to MMA?
A. Yes, in moving your
savings into your Money Merge Account™ , you decrease
even further the amount of time left to pay off your mortgage.
Your customized online site has the ability to build a variety
of financial models to help you understand the effect that
the money in your savings account will have in decreasing
the amount of time it will take you to pay off your mortgage.
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Q.
Do I make monthly payments on my line of credit?
A. Not in the traditional sense. You
will use your line of credit similar to your primary checking
account. Your paychecks will be applied to your line of credit
and your monthly bills will be paid from the account.
By transferring your income each pay period the line of credit
lender will credit the monthly payment requirement and lower
your daily average balance, thus reducing interest charges.
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Q.
If I am not increasing the monthly payments on my mortgage,
how can this program be possible?
A. The Money Merge
Account™ system makes a connection between your bank
account, the advanced line of credit and your primary mortgage.
Each time you transfer income into your account it registers
as a decrease to your mortgage balance. By decreasing your
mortgage balance you now lower the balance in which interest
accrues. By decreasing the balance in which interest
accrues, you increase the portion of your monthly payment,
which is credited toward your principal pay down. The Money
Merge Account™ system determines the specific timing
and amounts for each transfer required to produce the quickest
pay off time and highest interest savings possible. There
are also multiple financial options programmed into theMoney
Merge Account™ software, which assist homeowners in
paying down their mortgage as soon as possible.
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Q.
Why am I applying for a line of credit, and how is it associated
with my savings and checking accounts?
A. The Money Merge
Account™ Program uses the equity line of credit solely
as a vehicle or a tool to drive the program. The Money Merge
Account™ system is coordinated through systems created
by United First Financial and works completely independent
of the lender. The equity line of credit must have
the capacity to operate similar to a primary checking account
and be set up with an open-end interest calculation vs. a
closed-end interest calculation. Combined with the Money Merge
Account™ web-based system, this creates a formula in
which the money in your line of credit account generates an
interest cancellation on your primary mortgage.
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Q.
Do I have to change banks?
A. It is not necessary to change banks.
After signing up for the program, we have a customer support
team that will assist you in orchestrating your banking needs
with your Money Merge Account™ program.
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Q.
Do you make payments for me?
A. No. We do not have
any access to your accounts. You will be initiating all transactions
by following the prompting of your online Money Merge Account™
. You will be in complete control.
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Q.
Do you have access to or control of my money?
A. No. You are the only person
with access to your accounts.
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Q.
Do I pay interest on the equity line of credit?
A. There is interest
charged on the line of credit. But because your income is
sent to your line of credit on different intervals, the bank
adjusts the amount of interest they can charge you by offsetting
the average loan balance. As a result the interest
charged is much less.
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Q.
Why don't the banks offer this program?
A. The Money Merge
Account™ utilizes banking principles that are accepted
by most banks across the nation. The Money Merge Account program
simply provides you with the necessary tools to use your money
to reduce interest, instead of the bank using your money to
earn interest. This is the primary reason the banks
do not offer the Money Merge Account™ program.
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Q.
Can I contact any of your client references to hear about
their experiences with Money Merge Account™?
A. Due to privacy regulations, we are
unable to provide personal contact information for references.
However, you can view actual clients using the Money Merge
Account™ program on our Money Merge Account™ informational
DVD and you are welcome to research our company through the
Better Business Bureau web site at www.bbb.org
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Q.
What happens if I sell my home?
A. The Money Merge
Account™ program follows your mortgage until it is paid
off. The line of credit the Money Merge Account™ uses
will have no effect on your ability to sell your home. Once
you have sold your home and purchased another residence, we
can put Money Merge Account™ back into action on the
new residence. Also, all the equity built in the
account, as well as the equity built with market appreciation,
will make a great down payment on the next purchase.
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Q.
Is there any risk involved?
A. From a financial
standpoint, there is very little risk. No stock market crash
or extreme interest fluctuation can completely eradicate the
expected outcome. Only homeowners that qualify to
significantly reduce their mortgage payoff time and interest
will be activated on the Money Merge Account™ program.
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Q.
Can anybody qualify for the Money Merge Account™?
A. It is important
to go through a quick 5-minute questionnaire when applying
for the Money Merge Account™ program. Fortunately, there
are several avenues that can be taken to gain approval, but
the Money Merge Account™ program is not for everybody.
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Q.
Do I have to refinance my existing mortgage loan to make this
work?
A. No. It is not necessary
to refinance your existing mortgage loan. You may choose to
refinance your mortgage for additional interest savings but
refinancing your existing mortgage loan is not required for
the Money Merge Account™ to work. If you do
not currently have a specific line of credit one will need
to be opened.
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Q.
Will Money Merge Account™ work with an interest only/Neg-Am
payment on my primary mortgage?
A. Yes. In fact, Money
Merge Account™ helps you to take control of the outcome
of these types of loans to benefit you substantially.
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Q.
Can I own multiple investment properties at one time and utilize
just one Money Merge Account™ program, or do I need
one for each property?
A. The Money Merge
Account™ is most effective when used to payoff one property
at a time. As each property is paid off, your overall discretionary
income can increase; creating an accelerated payoff period
for each subsequent property.
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